[tachibana]

One thing to be careful of is the liability protection of the pass-through entity, and this will be different for each state. While on paper, corporations provide limited liability, there is a lot of prior cases that show that the corporate veil can be pierced by many means (i.e. charging orders). Depending on the state of incorporation, an LLC may be the better way to go.

YMMV, but another great tip I got from my accountant was to set my fiscal year to end in July. It's right between the April 15th deadline and the October 15 extension deadline, when business tends to be lighter for most accountants.